ASX market movers: EML Payments (EML), Cettire (CTT)

Posted: 21 May 2021 4:33 pm
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The 10 biggest movers on the ASX today.

Largest gains on the ASX, Friday 21 May 2021

Financial technology company EML Payments (EML) and luxury clothing retailer Cettire (CTT) were the two best performers on the Australian Securities Exchange (ASX) on Friday.

Meanwhile, ecommerce store Kogan was less lucky, with its share price plunging 14% on Friday. You can read more about that here.

EML Payments (EML) was the top mover on the ASX today. Shares in EML Payments rose 16.5% to $3.39.

"EML Payments saw its share price plunge more than 38% Wednesday after the Central Bank of Ireland (CBI) flagged regulatory issues with its recently acquired business Prepaid Financial Services (PFS)," said Finder's investments editor Kylie Purcell.

"While bad news like this can trigger a fast sell-off, you'll often see investors buying in again quickly soon after once they've assessed the situation and if they believe the stock is oversold."

"It can be a risky bargain however. If the news is bad enough, the stock might continue falling."

EML Payments is an Australia-based company in the software and services sector that offers payment solutions.

Learn more about investing in EML Payments in Finder's full guide.

Another strong performer was Cettire Limited (CTT), the retailing company. It rose 9.7% to close at $2.04.

"The Cettire share price has been trending upwards thanks to a new partnership deal with buy now pay later provider Klarna," said Purcell.

"By allowing shoppers to use Klarna, it opens the door to growth not only in Australia but more importantly to customers in the United States. This is a key expansion play by the company and good news for investors."

Learn more about investing in Cettire in Finder's full guide.

Here's the full list of today's 10 biggest movers:

StockClose% change
EML Payments (EML)$3.3916.5%
Cettire (CTT)$2.049.7%
Pointerra (3DP)$0.609.1%
Syrah Resources (SYR)$1.018.6%
American Pacific Borates (ABR)$1.507.9%
Southern Cross Media Group (SXL)$1.956.6%
Tyro Payments (TYR)$3.756.2%
PPK Group (PPK)$12.376.2%
The A2 Milk Company (A2M)$5.525.7%
Whispir (WSP)$2.585.7%

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Market indicators Friday 21 May 2021

Overall, the S&P/ASX 200 closed up on Friday, gaining 2 points (0.03%) to 7,021.8.

Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated at the end of the day, but these prices may be subject to minor variation depending on data availability.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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